Lafarge buys 35% stake in Spanish grinding unit

Lafarge buys 35% stake in Spanish grinding unit
Published: 03 June 2011

Lafarge Cementos SAU has acquired 35% of the shares of Elite Cements, a grinding operation located in the port of Castellón, Spain. The remainder of the shares are owned by the Obinesa Group which will manage the company independently.

The agreement allows Elite Cement to secure a clinker supply from Lafarge plants as well as the technological support of the French cement giant.

Source:  El Economico, Spain